Russian President Vladimir Putin has approved the sale of HSBC's Russian division to Expobank, paving the way for the British bank's complete withdrawal.
Petru Nicolaescu
International
Helen Sessions / Alamy / Alamy / Profimedia
Always see our news on Google
Putin's decision comes as Moscow has imposed increasingly tough restrictions on foreign asset sales, with banks needing its approval for such deals. But approval does not guarantee the deal will succeed, as was the case with another bank that got presidential approval but failed to complete the transaction.
Sources
Latest News
11:38
Minister of Defense, Ștefan Radu Oprea, calls for strengthening prevention and response capabilities amid risks in the Black Sea region
11:23
Barack Obama attacks Donald Trump’s administration and mobilizes voters for Democratic candidates in Ohio
11:20
France and the United Arab Emirates have resumed negotiations on developing a modernized version of the Rafale fighter jet
11:12
Volkswagen employees are threatening strikes from January 2027 if the automaker does not reverse its decision regarding wage agreements
11:05
Nicusor Dan warns that Russia’s war threatens Romania’s security and freedom of navigation in the Black Sea
See more news
NEWS ON THE SAME TOPICS
.webp)
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
